We just watched Clarance get his wings too. If you can believe it, I've never seen it before! And of course, neither had my wife. Now I understand why everyone always talks about it. Good feelings!

Stitchawl

Wikipedia says that the cutting room floor has an alternate ending where Clarence visits Old Man Potter, who has no friends, and gives him a hard time about the stolen eight thousand bucks and the old bloke dies of a heart attack.

That sounds like a fitting end for the old bastard. But the movie wouldn't have had the "feel good" ending about it.